New Delhi: Looking to retain and encourage the key talent, companies such as Infosys, Genpact, EXL Services, Maruti Suzuki, Fiat, PepsiCo India, Dabur and ICICI Bank will soon start paying bonuses, with many of them dishing out compensation up to 150 percent of the variable pay. Companies in sectors as diverse as IT and banking and financial services are bracing to give bonuses buoyed by the prospect of promising days ahead, reports Mahima Puri and Pramugdha Mamgain from the Economic Times.For sectors such as BPO, automobiles and FMCG, the payouts will be a barometer to check their return to giddy days after the crushing blows of last year. For instance, beverage and food maker PepsiCo India, which posted its highest volume growth in a decade last year with the beverage business growing over 32 percent, is expected to pay about Rs 10 lakh as bonus to a top executive earning up to Rs 50 lakh annually. Genpact's rival, EXL Services, is likely to hike bonuses by nearly 8 percent this year. An EXL manager, whose basic salary is about Rs 6 lakh, may be rewarded with Rs 2 lakh this year. EXL global head for human resources Amitabh Hajela said this year is certainly better in terms of overall performance.The initial optimism with which the IT and ITeS industry began the year is fast wearing thin as U.S. protectionism has emerged as a key issue and overseas demand is yet to pick up. "This year has been more conservative in terms of the way we have grown and the bonuses are likely to be on a lower side," said Genpact Senior Vice-Chairman of HR Piyush Mehta. Still, IT major Infosys Technologies may match the December bonuses of up to 100 percent of the variable pay as the company is expecting good results in the fourth quarter, said a person privy to the company?s plan. Infosys Human Resources Group Head Nandita Gurjar said bonuses will be given in April, though she refused to divulge details. "The average bonus payout in the fourth quarter of last year was 50% and this year is certainly better." The banking and financial services sector, where bonus payouts are a time-honoured culture, could be the best paymasters this year. ICICI Bank, which resisted doling out bonuses in the past two years due to the slowdown, is expected to return to its generous ways this year. Also, automobile companies such as Maruti Suzuki and Fiat, whose sales are humming again, are deciding on the extent of bonus payouts this year. "Based on the company's annual performance and the individual's performance, we pay bonuses in May every year," said Maruti Suzuki HR Head SY Siddiqui. A Maruti assistant manager whose variable pay is Rs 80,000 could get up to Rs 85,000 as total payout. Mumbai-based drugmaker Lupin Pharmaceuticals recently paid up to 20 percent bonus to its top performers. A senior executive earning Rs 50 lakh a year got a bonus of about Rs 7.5 lakh
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Labels: DHEERAJ KATIYAR PGDM 2nd SEM. (2009-2011)

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Alternate HTML content should be placed here.This content requires the Macromedia Flash Player.Get Flash// Provide alternate content for browsers that do not support scripting// or for those that have scripting disabled.Alternate HTML content should be placed here. This content requires the Macromedia Flash Player.Get FlashIainCathy & HelenJustinLaurenElizabethTomTest yourself: could you be a Tycoon?GoWatch unseen clips from the seriesGoPeter shares his top tips for successGoBuy Tycoon book and other productsGoFun activities for young entrepreneursGoStart up with our tools and servicesGoGet Flash to see this player.createPlayer('Episode5/tycoon_ep05.flv', 'images/Tycoonplayer320x218.jpg', false, false);Alternate HTML content should be placed here.This content requires the Macromedia Flash Player.Get FlashPrivacy PolicyTerms and ConditionsContact UsSiteMapContent © 2007 Peter Jones TV Limited. All Rights Reserved');//-->_uacct = "UA-1160487-2";urchinTracker();
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Labels: rahul kr.gupta 2 sem.
Alternate HTML content should be placed here.This content requires the Macromedia Flash Player.Get Flash// Provide alternate content for browsers that do not support scripting// or for those that have scripting disabled.Alternate HTML content should be placed here. This content requires the Macromedia Flash Player.Get FlashIainCathy & HelenJustinLaurenElizabethTomTest yourself: could you be a Tycoon?GoWatch unseen clips from the seriesGoPeter shares his top tips for successGoBuy Tycoon book and other productsGoFun activities for young entrepreneursGoStart up with our tools and servicesGoGet Flash to see this player.createPlayer('Episode5/tycoon_ep05.flv', 'images/Tycoonplayer320x218.jpg', false, false);Alternate HTML content should be placed here.This content requires the Macromedia Flash Player.Get FlashPrivacy PolicyTerms and ConditionsContact UsSiteMapContent © 2007 Peter Jones TV Limited. All Rights Reserved');//-->_uacct = "UA-1160487-2";urchinTracker();
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Labels: Gordon E. MooreChairman Emeritus of the boardGordon E. Moore is the retired chairman and CEO of Intel Corporation. Moore co-founded Intel in 1968, serving initially as executive vice president. He became president and CEO in 1975 and held that post until elected chairman and CEO in 1979. He remained CEO until 1987 and was named chairman emeritus in 1997.Moore is widely known for "Moore's Law," in which in 1965 he predicted that the number of components the industry would be able to place on a computer chip would double every year. In 1975, he updated his prediction to once every two years. It has become the guiding principle for the semiconductor industry to deliver ever-more-powerful chips while decreasing the cost of electronics.Moore earned a bachelor's in chemistry from the University of California at Berkeley in 1950 and a Ph.D. in chemistry and physics from the California Institute of Technology in 1954. He was born in San Francisco on Jan. 3, 1929.He is a director of Gilead Sciences Inc., a member of the National Academy of Engineering, and a Fellow of the Royal Society of Engineers. Moore also serves on the board of trustees of the California Institute of Technology. He received the National Medal of Technology in 1990 and the Medal of Freedom, the nation’s highest civilian honor, from George W. Bush in 2002.rahulkr.gupta 2 sem
Dassault signs five year pact with BMWWednesday,10 March 2010, 07:10 hrsPrintForwardNew Delhi: Software firm Dassault Systemes (DS) has signed a five-year global agreement with German auto major BMW for providing solutions for design and manufacturing process planning, reports PTI.Through this five-year agreement, the companies will establish a close link between their research and development centres that will improve the development and production process of BMW, DS said in a statement. DS software solutions already supports BMW in core areas for design and manufacturing process planning.The agreement also defines a set of strategic projects, where BMW will evaluate possible migration paths that ensure a smooth transition to the Paris-headquartered Dassault Systemes V6 PLM solutions for all its vehicle development programmes."BMW has fully understood the importance of the collaborative and integrated Dassault Systemes V6 solutions for sustainable innovation," said DS Executive Vice-President Bruno Latchague.
India-born Sanjay Jha emerges as top paid CEO in U.S. By siliconindia news bureauTuesday,09 March 2010, 14:19 hrsComment(2)PrintForward